Eligible for the Elderly Tax Credit?
Feb 18, 2010 Tax Strategies, Taxable Income
Eligible for the Elderly Tax Credit?
Are you 65 or older (or under 65 and disabled)? Are you a US citizen? Are you a Single filer with an adjusted gross income (AGI) less than $17,500? Is the nontaxable portion of your Social Security or other nontaxable pensions, annuities, or disability income under $5,000? You need to file Schedule R for a tax credit of $750! Read IRS Publication 524, Credit for the Elderly or Disabled or call 1-800-829-3676 and ask to have a copy mailed to you.
Don’t forget the IRS Helpline – 1-800-829-1040 or your nearest IRS Taxpayer Assistance Center.
Tags: 2009
Are you a Senior? Do you need to file?
Feb 17, 2010 Taxable Income
Are you a Senior? Do you need to file?You don’t have to file your federal tax return if your gross income IS:
- For a Single person: less than $9,350 (over 64? less than $10,750)
- For Married filing jointly: less than $18,700 (one of you over 64? less than $19,800; both of you over 64? less than $20,900)
- For Head of Household: less than $12,000 (over 64? less than $13,400)
- For Married filing separately: any age, less than $3,650
- For Qualified Widow(er) with a dependent child: less than $15,500 (over 64? less than $16,150)
Don’t overlook your state tax requirements! Use this link for state tax information.
Tags: 2009
